ST PETE BEACH, FL 33706

Property

Ownership: Fee Simple
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 4
Pets: Pets Allowed
Lot Size: 0.1 Acres

Financials

Price:$1,100,000
Annual Taxes:$6,287.19
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of ENGEL & VOLKERS BELLEAIR

CALLING ALL INVESTORS OR LOCALS WHO AREN'T SCARED TO MAKE !

4 Units on the Water!
Perfect Intra-Coastal Location
Rendering of what it can be!!
Rendering
Rendering of Backyard.
Old vs. New Potential!
Old vs New Potential! 1 Bedroom Unit
Kitchen Rendering of 1 Bedroom Unit
Old vs. New Potential!
Rendering
Old vs New Potential!
Old vs. New Potential!
Rendering
Old vs. New Potential! Community Laundry Room.
Rendering
Waterfront
Beautiful St Pete Beach
4 Units on the Water!Perfect Intra-Coastal LocationRendering of what it can be!!RenderingRendering of Backyard.Old vs. New Potential!Old vs New Potential! 1 Bedroom UnitKitchen Rendering of 1 Bedroom UnitOld vs. New Potential!

Description

CALLING ALL INVESTORS OR LOCALS WHO AREN'T SCARED TO MAKE $$!! YOU HAVE TO LOOK & WILL SEE THE POTENTIAL!!! Waterfront 4 unit value/add opportunity on the Intra-coastal with dock and flexible redevelopment potential. This is not a turnkey property and that’s exactly where the opportunity lies here! Located on one of the most popular intra-coastal locations in the heart of St. Pete Beach, Boca Ciega Drive offers a rare chance to acquire a waterfront multi-unit asset in a market where inventory continues to tighten and finished properties are priced at a PREMIUM! The existing footprint includes four units configured as two 2 bedroom, 1 bath units (potential) and two 1 bedroom, 1 bath units, providing multiple paths for repositioning depending on your investment strategy. The property sustained hurricane impact and requires renovation, but retains strong structural fundamentals, existing density, and a location that supports long term value and rental demand. Investors will appreciate the flexibility: Restore the 4 unit configuration for maximum income potential, Reconfigure into a duplex or triplex with larger, premium units or create a hybrid use with personal occupancy and rental income. With direct water access and a private dock, future tenants or guests can enjoy boating, kayaking, and sunset views, features that consistently command premium rents in this market. Create equity through execution rather than pay for it upfront!

Amenities

  • City Limits
  • Eat-in Kitchen
  • Fence
  • Flood Insurance Required
  • Intracoastal Waterway
  • Landscaped
  • Living Room/Dining Room Combo
  • Near Golf Course
  • Near Marina
  • Near Public Transit
  • Paved
  • Public
  • Sidewalk
  • Thermostat
  • Water
  • Window Treatments

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.